UPDATE: BofA Securities Upgrades Duke Energy (DUK) to Buy

(updating comment)

BofA Securities analyst Julien Dumoulin-Smith upgraded Duke Energy (NYSE: DUK) from Neutral to Buy, PT $85.00 (from $87.00).

The analyst comments "reflected. We see real reason for an inflection in EPS expectations with both positive regulatory backdrop on ’21 legislation & positive revisions to IRP capex (based on forthcoming reaction from NC gov/NCUC). While coal ash rate case remains outstanding (and much anticipated cautious point), we perceive an order similar to Dominion as quite likely (after latest stakeholder discussions); this would help firm up doubtful expectations."

For an analyst ratings summary and ratings history on Duke Energy click here. For more ratings news on Duke Energy click here.

Shares of Duke Energy closed at $80.73 yesterday.

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